bank rates

New England Deal On Five Different CDs

NUVO Bank & Trust Company is offering an impressive quartet of CDs, plus an additional bump-up and add-on certificate, to savers along the I-91 corridor from Springfield, Massachusetts, to Hartford, Connecticut,.

With a $1,000 minimum deposit, NUVO is currently paying:

  • 0.65% APY on 3-month CDs.
  • 1.26% APY on 6-month CDs.
  • 1.51% APY on 24-month CDs.
  • 1.66% APY on 36-month CDs.

All of these yields beat the top nationally available returns on our CD Rates Leaderboard, with the 6-month CD out-earning its national peers by more than four-tenths of a percentage point.

NUVO is also offering a nationally competitive 36-month Growth CD for savers who like the flexibility to bump-up their rate, add more funds to a certificate or both.

Paying 1.51% APY on the same $1,000 minimum investment, NUVO’s offering essentially matches the best nationally available 3-year rate, while allowing for one rate bump request and unlimited additional deposits up to $250,000 during the certificate’s 36-month term.

NUVO accounts can be opened online by residents living in or near Springfield, much of Hartford, or the bistate corridor between them. Eligibility can be determined by ZIP code on the bank’s online account application.

Alternatively, savers can purchase NUVO’s certificates of deposit by visiting its single branch at 1500 Main St. in Springfield.

Click here to find lots of other local deals from community banks and credit unions.

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